FMP laments lean mortgage market

FMP's rental income grew by a marginal two percent to US$6,6 million.

FIRST Mutual Properties (FMP) says the property sector continues to be constrained by limited mortgage financing, despite notable growth in selected urban areas — primarily driven by private capital recycling and diaspora-led investments.Zimbabwe’s property market is characterised by a dominance of cash buyers, with only a small percentage of transactions being mortgage-based, largely due to…

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